The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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Verisk Analytics (VRSK) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldStochastic signal line moved above oversold areaMACD bullish divergence
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It was the negative week for the Verisk Analytics (VRSK). During the week, the VRSK gave back -2.01 points, or -0.85%, and closed at 234.52 on Friday, March 15, 2024. VRSK was trading at average weekly trading volume.

VRSK is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See VRSK long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 156.05 and reached 251.98 on February 7, 2024. VRSK gained -95.93 points, or -61.47%, in 85 weeks. The price is now at the 18.20% retracement level.

Medium-term trend: [See VRSK medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 215.32 and reached 251.98 on February 7, 2024. VRSK gained -36.66 points, or -17.03%, in 14 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (244.37) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. VRSK may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See VRSK weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 29, 2023. Use the following link to access a MACD help.

Short-term trend: [See VRSK short-term trend chart]
A short-term downtrend had started on February 23, 2024 at 245.48 and reached 231.98 on March 15, 2024. VRSK lost 13.50 points, or 5.50%, in 21 days. The price is now at the 18.81% retracement level.

Daily Technical Indicators: [See VRSK daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since February 12, 2024. This is an indication that the short-term trend is down.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.66
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 27.94
Greed/Fear Indicator (GFI) 17.54
Oversold
Moving Average Converg./Diverg. (MACD) -1.59 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.80
Williams' Percentage Range (W%R) 54.60
Lane's Stochastic (%D-Slow) 50.76
Greed/Fear Indicator (GFI) 48.29
Moving Average Converg./Diverg. (MACD) 4.63
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 254.46
Upper Bollinger Band 246.82
Quarterly Trendline Support 244.37
50 Day Moving Average 241.29
Weekly Stochastic Crossing 240.76
Parabolic System 240.20
20 Day Moving Average 239.62
Price 234.52
Daily Stochastic Crossing 233.75
Lower Bollinger Band 231.18
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Research & Consulting Services 43
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 245.48
High Date 02/23/2024
Low 231.98
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 245.48
High Date 02/23/2024
Low 231.98
Low Date 03/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 251.98
High Date 02/07/2024
Low 231.98
Low Date 03/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 254.46
Support 244.37
Low 215.32
Low Date 11/01/2023
High 251.98
High Date 02/07/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 156.05
Low Date 06/16/2022
High 251.98
High Date 02/07/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.